Nonprofit · EIN 84-3878694
COVER 1 FOUNDATION
Tax-exempt · RICHMOND, VA 23233
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $86,384 | $72,193 | $14,191 | $60,508 | – | $60,508 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $85,485
- Membership dues
- $91
- Investment income
- $808
Expenses
- Grants and similar amounts paid
- $71,536
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $382
- Other expenses
- $275
Balance sheet and other
- Total assets, start of year
- $46,317
- Total assets, end of year
- $60,508
- Total liabilities, end of year
- –
- Net assets, end of year
- $60,508
- Cash, savings and investments
- $60,508
- Gross receipts
- $86,384
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marty Malloy | Director/Treasurer | 10 | $0 |
| Rob Reid | Director/Vice President | 15 | $0 |
| Randall Blanchetti | Director/President | 10 | $0 |
| Steve O'Donnell | Director/ Vice President | 15 | $0 |
| Bryan Miltenberger | Director/Vice President | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 12200 VALLEYBROOK DR, RICHMOND, VA 23233-1071
- In care of
- % MARTY MALLOY
- Mailing address (990-N for 2023)
- 12200 Valleybrook Drive, Richmond VA 23233
- Principal officer (990-N for 2023)
- Martin Malloy, 12200 Valleybrook Drive, Richmond VA 23233
- Signed the 990-EZ
- Martin Malloy, Director/Treasurer
- Phone
- (804) 360-1500
- Website
- cover1foundation.org
Mission
The Cover 1 Foundation is a 501 c 3 organization whose purpose is to provide resources and volunteer assistance to underserved organizations and individuals involved in athletics in Central Virginia.
Program accomplishments
- We provide two $7,500 scholarships to a girls and boys coach who has shown great dedication and need for their sports teamgrants $15,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 84-3878694
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $60,508
- Income (IRS master file)
- $86,384
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $86,384 | $72,193 | $60,508 | IRS |
| 990-N for 2023 Officer: Martin Malloy | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Martin Malloy | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Martin Malloy | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3878694).
Questions about COVER 1 FOUNDATION
- What is the EIN of COVER 1 FOUNDATION?
- The employer identification number (EIN) of COVER 1 FOUNDATION is 84-3878694.
- Is COVER 1 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to COVER 1 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COVER 1 FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COVER 1 FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVER 1 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of COVER 1 FOUNDATION?
- The 990-N for 2023 names Martin Malloy.
- Who are the officers and directors of COVER 1 FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does COVER 1 FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $86,384, expenses of $72,193 and total assets of $60,508 at year end.
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